Kuwait-based Gulf Investment Corporation (GIC) has raised 750 million ringgit ($255 million) by selling five-year Islamic bonds at 4.90 percent, a source with direct knowledge of the deal said on Tuesday.
The sukuk, which is part of a 3.5

Gulf Investment Corporation (GIC) said that its fixed income fund Gulf Bond Fund has achieved a year-to-date return of 3.29 per cent, showing consistent performance in the first half of this year as against the same period of 2010.
“The fu

Kuwait-based Gulf Investment Corporation (GIC) has launched a 500 million ringgit ($164 million) sukuk issue in Malaysia as part of an existing funding programme.
GIC, which was set up to drive private enterprise and economic growth in the

Moody’s has upgraded the outlook on the credit of Kuwait-based Gulf Investment Corporation (GIC), a leading financial institution, to Stable from Negative, while reaffirming its Baa2 long term rating.
This enhancement on GIC’s credit ratin

Bahrain will start initial testing of its 1,240 megawatts Al Dur power and water plant in April, an official said in published remarks on Thursday.
'(The initial testing) will include two gas turbines with a total capacity of up to 400

Moody's has downgraded Gulf Investment Corporation's (GIC) bank financial strength rating (BFSR) to D- from D.
The D- rating now maps to a Baseline Credit Assessment (BCA) of 13, down from 12 (on a scale of 1 to 21, where 1 reflect

Gulf Investment Corporation (GIC) and France's GDF Suez on Sunday said they have secured $1.6 billion funding for the Al Dur Independent Water and Power Producer (IWPP) project in Bahrain.
The $2.1 billion Al Dur IWPP project is the la